Dynamic Technology Lab Private Ltd Buys New Shares in Zumiez Inc. (NASDAQ:ZUMZ)

Dynamic Technology Lab Private Ltd purchased a new position in Zumiez Inc. (NASDAQ:ZUMZ) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 41,939 shares of the apparel and footwear maker’s stock, valued at approximately $893,000. Dynamic Technology Lab Private Ltd owned about 0.22% of Zumiez as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of ZUMZ. Russell Investments Group Ltd. grew its holdings in shares of Zumiez by 9.8% in the 1st quarter. Russell Investments Group Ltd. now owns 26,815 shares of the apparel and footwear maker’s stock worth $407,000 after acquiring an additional 2,390 shares during the last quarter. Vanguard Group Inc. increased its stake in Zumiez by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 901,774 shares of the apparel and footwear maker’s stock worth $13,698,000 after purchasing an additional 20,099 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in Zumiez by 17.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 236,158 shares of the apparel and footwear maker’s stock worth $3,587,000 after buying an additional 34,638 shares during the period. CWM LLC lifted its stake in Zumiez by 2,090.1% during the second quarter. CWM LLC now owns 1,993 shares of the apparel and footwear maker’s stock valued at $39,000 after buying an additional 1,902 shares in the last quarter. Finally, SummerHaven Investment Management LLC boosted its holdings in shares of Zumiez by 1.9% in the second quarter. SummerHaven Investment Management LLC now owns 42,116 shares of the apparel and footwear maker’s stock worth $820,000 after buying an additional 788 shares during the period. Institutional investors own 95.45% of the company’s stock.

Zumiez Price Performance

NASDAQ:ZUMZ opened at $22.94 on Thursday. The stock has a market cap of $439.07 million, a PE ratio of -8.34 and a beta of 1.24. Zumiez Inc. has a fifty-two week low of $12.90 and a fifty-two week high of $31.37. The stock’s 50-day moving average is $21.84 and its two-hundred day moving average is $21.99.

Zumiez (NASDAQ:ZUMZ) last announced its quarterly earnings data on Thursday, September 5th. The apparel and footwear maker reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.29. Zumiez had a negative net margin of 6.02% and a negative return on equity of 3.52%. The firm had revenue of $210.18 million for the quarter, compared to the consensus estimate of $201.93 million. During the same period in the previous year, the firm posted ($0.44) earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. On average, equities research analysts anticipate that Zumiez Inc. will post 0.08 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, B. Riley upped their price target on shares of Zumiez from $20.00 to $25.00 and gave the company a “neutral” rating in a research report on Friday, September 6th.

Insider Transactions at Zumiez

In other news, Director Liliana Gil Valletta sold 3,283 shares of Zumiez stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $21.85, for a total transaction of $71,733.55. Following the completion of the sale, the director now directly owns 15,002 shares in the company, valued at $327,793.70. The trade was a 17.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 20.30% of the stock is currently owned by company insiders.

About Zumiez

Zumiez Inc operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. The company provides hardgoods, including skateboards, snowboards, bindings, components, and other equipment. It operates stores in the United States, Canada, Europe, and Australia under the names of Zumiez, Blue Tomato, and Fast Times.